Determine the firms marginal revenue
Problem: You manage a firm in a perfectly competitive market with market demand given by P = 45 - Q. The market equilibrium price is $55. Your firm's cost function is C = 12 + 2Q2. Your firm's marginal revenue is?
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The market equilibrium price is $55. Your firm's cost function is C = 12 + 2Q2. Your firm's marginal revenue is?
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